PAR Technology Shares Plunge 28% as Price Targets Drop to as Low as $30
PAR Technology's Q4 revenue rose 14.4% to $120.1 million and adjusted EPS exceeded analyst forecasts, but adjusted EBITDA missed estimates. Jefferies cut its price target from $90 to $34, Needham from $55 to $30 and Craig-Hallum from $70 to $45, triggering a 28.3% share plunge.
1. Q4 Financial Results
PAR Technology reported Q4 revenue of $120.1 million, up 14.4% year-over-year, and adjusted EPS beat forecasts. However, adjusted EBITDA fell short of estimates, signaling margin pressure.
2. Analyst Price Target Cuts
Following the EBITDA miss, Jefferies cut its target from $90 to $34, Needham lowered its to $30 and Craig-Hallum trimmed its target from $70 to $45, reflecting diminished analyst confidence.
3. Share Price Impact and Volatility
Shares tumbled 28.3% in the afternoon session, marking one of PAR Technology’s largest single-day declines in recent months and underscoring the stock’s ongoing high volatility.